A new industry-academic partnership between the University of Oxford and UK biotech NuCana (Nasdaq: NCNA) has found that chemotherapy drug NUC-7738, derived from a Himalayan fungus, has 40 times greater potency for killing cancer cells than its parent compound.
NuCana shares closed up 4% at $2.10 following the announcement on Friday.
Oxford University researchers have worked in collaboration with NuCana to assess a novel chemotherapy drug derived from a fungus. A study in Clinical Cancer Research has shown that the new drug NUC-7738, developed by NuCana, has a up to 40 times greater potency for killing cancer cells than its parent compound, with limited toxic side effects.
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